Tony Abbott

Turnbull Advocates Clean Energy for A Greener Australia

Turnbull is switching to a greener Australia avdocating the use of clean energy. The government will support Clean Energy Finance Corp. and the Australian Renewable Energy Agency and develops Clean Energy Innovation Fund worth A$1 billion.

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Australian man drags eBay to the court for unlisting his weed hat that stoked a political fire

An Australian man is suing eBay for thousands of dollars after it delisted the 'weed hat' he wore in a TV program. According to Daily Rover, Zaky Mallah, an Australian man has taken action against eBay and dragged it to the courtroom.

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Australia To Fund Wind Power Again; Turnbull Lifts Abbot's Ban

First introduced by former Prime Minister Tony Abbott, the ban on government investment on wind power was lifted as part of Malcolm Turnbull's innovation agenda. The Clean Energy Finance Corporation is now able, due to Environmental Minister Greg Hunt's new orders, to spend the $10 billion on new wind power projects.

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Australia's Huge $1.1 billion Innovation Fund to Help Startups and STEM

Australia's Prime Minister Malcolm Turnbull, has announced a huge investment of $1.1 billion innovation fund to help startups and STEM. The National Innovation and Science Agenda, announced at Australia's science body in Canberra CSIRO on Monday, has been labeled as an "ideas boom" to move Australia forward after the "mining boom."

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Australia kicks off $39 billion submarine tender

Australia has invited Germany, France and Japan to pitch for a contract to build its new submarine fleet, kicking off a contentious A$50 billion ($38.8 billion) project which has become a political football at home.

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Australia PM says to decide on China-backed bank membership soon

Australia expects to make a decision within weeks on whether it will seek to join the China-backed Asian Infrastructure Investment Bank (AIIB), Prime Minister Tony Abbott said on Saturday.

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Australian windfarms face $13 bln wipeout from political impasse

Australia faces a A$17 billion ($13.3 billion) exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target.

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Australia's RBA cuts rates to record low, market hankers for more

Australia's central bank cut its cash rate to an all-time trough of 2.25 percent on Tuesday, breaking an 18-month hiatus on stimulus as it seeks to spur a sluggish economy while keeping downward pressure on the local dollar.

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Australian, Indian leaders target free trade pact, economic boost

Australia and India will push for a free trade pact, Australian Prime Minister Tony Abbott and Indian Prime Minister Narendra Modi said on Tuesday during a rare state visit to Canberra by an Indian leader.

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G20 commits to higher growth, fight climate change; Russia isolated over Ukraine

Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.

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Ukraine takes center stage as leaders gather for G20 summit

The G20 leaders summit in Australia starting on Saturday is setting up as a showdown between Western leaders and Russian President Vladimir Putin, following fresh reports of Russian troops pouring into eastern Ukraine.

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Australia says pleased with progress on China free trade pact

Australia said on Saturday it was pleased with progress on a long-planned free trade agreement with China and that it would be happy to conclude it by next week when Chinese President Xi Jinping visits.

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Fighting flares in Ukraine as crash investigators arrive

Fighting flared in the eastern Ukrainian city of Donetsk on Monday as investigators began to inspect the bodies of victims of the downing of Malaysia Airlines flight MH17 last week.

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China Southern supports plan to back Qantas stake - report

State-owned China Southern airline has held detailed discussions last year with a consortium of wealthy investors to provide financial backing for the syndicate's stake in Qantas.

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Qantas chief rules out capital raising for Australia's national carrier

Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.

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